The efficient markets hypothesis (EMH):

states that all market costs mirror all accessible data, ruling out chance to make better than expected
returns.

Weak Form EMH: Suggests that all past data is estimated into protections. Central examination of
protections can furnish a financial specialist with data to deliver returns above market midpoints
temporarily, yet there are no "designs" that exist. In this way, basic investigation doesn't give long haul
favorable position and specialized examination won't work.

Semi-Strong Form EMH: Implies that neither basic investigation nor specialized examination can
give a favorable position to a financial specialist and that new data is in a flash estimated in to
protections.

Strong Form EMH. Says that all data, both open and private, is estimated into stocks and that no
financial specialist can pick up advantage over the market overall. Solid Form EMH doesn't state a few
speculators or cash chiefs are unequipped for catching unusually exceptional yields since that there are
consistently anomalies remembered for the midpoints.

Test and result of weak form efficient market hypothesis:

Statistical test of indepence of weak form: